Bank of ZambiaUNITED ARAB EMIRATES Q1 2017 Q1 2016 4 3. Major Source Countries for Zambia’s Imports Zambia’s imports in Q1 2017 were US$1.89 billion compared to US$1.70 billion

Bank of Zambia

ii

CONTENTS Executive Summary ............................................................................................................................................................... iii

1. Introduction ..................................................................................................................................................................... 1

2. Major Destinations for Zambia’s Exports ............................................................................................................ 1

3. Major Source Countries for Zambia’s Imports ................................................................................................... 4

4. Conclusion ......................................................................................................................................................................... 6

iii

Executive Summary

In the first quarter of 2017, Zambia’s total trade (exports and imports) increased to US$3.79 billion

compared to US$3.24 billion in the corresponding period in 2016. The improvement in trade was on

account of an in increase in both export and import performance. Exports rebounded due to higher

copper exports and non-traditional exports such as sugars and confectionery; and tobacco and

manufactured tobacco products. Imports also rebounded largely on account of higher copper ores,

nuclear reactors and boilers, aviation equipment imports. Switzerland remained the major destination

for Zambia’s exports and South Africa is the major source for Zambia’s imports.

1

1. Introduction

This report analyses Zambia’s direction of

merchandise trade for the first quarter of

2017 compared with the corresponding

quarter in 2016. Statistics, based on the

Harmonised Coding System (HS) are reported

and exports are valued as free on board (f.o.b.)

while imports are reported at cost, including

insurance and freight (c.i.f.).

In the first quarter of 2017, Zambia’s total

trade (exports and imports) was US$3.79

billion compared to US$3.24 billion in the

corresponding period in 2016.

2. Major Destinations for Zambia’s

Exports1

Zambia’s total exports in Q1-2017 were

US$1.90 billion compared to US1.55 billion in

Q1-2016. The top six destinations for Zambia’s

exports were Switzerland, China, Congo DR,

Singapore , India and South Africa (Figure 1). Exports to these destinations accounted for

83.7% of total exports.

Exports to Switzerland rose by 35.4% to

US$827.9 million from US$611.5 million,

attributed to an increase in copper earnings

(Figure 1).

Accordingly, exports to China increased by

9.1% to US$334.2 million from US$306.2

million on account of a surge in tobacco and

tobacco manufactured products.

Further, exports to Singapore rose to

US$162.9 million from US$77.2 million on

account of an increase in exports of copper.

1The Appendices shows the major export destinations, source countries for Zambia’s imports

Figure 1 Major Export destinations (USD

millions)

Exports to Congo (DR) recorded a 18.7%

increase to US$113.4 million from US$95.4

million on account of small incremental

increases in various NTE commodities such as

edible vegetables, meat products, dairy

products and essential oils and resinoids.

Similarly exports to India rose to US$76.9

million from US$9.2 million on account of a

surge in exports of copper, and salt and

sulphur.

However, exports to South Africa declined by

17.7% to US$76.9 million from US$93.5

million on account of a reduction in exports of

other base metals (excluding copper).

The top five export commodities were copper;

salt and Sulphur; sugars and confectionery;

tobacco and tobacco products, and other base

metals. The country earned US$1.45 billion

from copper exports compared to US$1.08

billion in the corresponding quarter in 2016

(Figures 2a and 2b).

and Zambia’s trade with SADC and COMESA countries.

0 200 400 600 800 1000

United Kingdom

Zimbabwe

Tanzania, United

United Arab Emirates

South Africa (Republic Of)

India

CONGO DR

Singapore

China

Switzerland

Q1 2017 Q1 2016

2

Figure 2a: Export Earnings (USD millions

including copper)

Figure 2b: Export Earnings (USD millions

excluding copper)

The major export destinations for Zambia’s

top five export commodities are shown in

figures 3a to 3e.

Figure 3a: Q1 2016 and Q1 2017 Copper Major

Export Destinations (USD Millions)

Figure 3b: Q1 2016 and Q1 2017 Major Export

destinations Salt and Sulphur (USD millions)

0 500 1000 1500 2000

RESIDUES & WASTE FROM…

Cereals

Nuclear reactors, boilers,…

IRON AND STEEL

MINERAL FUELS, OILS &…

INORGN CHEM; COMPDS…

Electrical mchy equip parts…

OIL SEED, OLEAGI FRUITS;…

AIRCRAFT, SPACECRAFT,…

PRINTED BOOKS,…

NATURAL/CULTURED…

Other base metals,…

TOBACCO AND…

SUGARS AND SUGAR…

SALT; SULPHUR; EARTH &…

Other Products

COPPER AND ARTICLES…

Q1 2016 Q1 2017

0 50 100 150

RESIDUES & WASTE FROM…

Cereals


IRON AND STEEL



Electrical mchy equip…

OIL SEED, OLEAGI FRUITS;…


PRINTED BOOKS,…

NATURAL/CULTURED…

Other base metals,…

TOBACCO AND…

SUGARS AND SUGAR…


Other Products

Q1 2016 Q1 2017

0 500 1000 1500 2000

LUXEMBOURG

JAPAN

SOUTH AFRICA

HONG KONG

UNITED ARAB EMIRATES

INDIA

SINGAPORE

CHINA

SWITZERLAND

TOTAL

Q1 2017 Q1 2016

0 20 40 60 80

SOUTH AFRICA

ZIMBABWE


BURUNDI

MALAWI

CONGO DR

INDIA

TOTAL

Q1 2017 Q1 2016

3

Figure 3c: Q1 2016 and Q1 2017 Major Export

destinations for Sugars and Confectionery

(USD millions)

Figure 3d: Q1-2016 and Q1-2017 Major Export

destinations for Tobacco and Tobacco

Products (USD millions)

Figure 3e: Q1-2016 and Q1-2017 Major Export

destinations for Other Base Metals (USD

millions)

0 10 20 30 40

MAURITIUS

CONGO

KENYA

ZIMBABWE

MALAWI

BURUNDI

MOZAMBIQUE

SOUTH AFRICA

RWANDA

CONGO DR

TOTAL

Q1 2017 Q1 2016

0.0 10.0 20.0 30.0 40.0

CONGO DR

MAURITIUS

BELGIUM

ZIMBABWE

GERMANY

MALAWI

SOUTH AFRICA

CHINA

TOTAL

Q1 2017 Q1 2016

0.0 10.0 20.0 30.0

HONG KONG

INDIA

SOUTH AFRICA

UNITED KINGDOM

UNITED STATES OF…

SWITZERLAND

CHINA

LUXEMBOURG


TOTAL

Q1 2017 Q1 2016

4

3. Major Source Countries for

Zambia’s Imports

Zambia’s imports in Q1 2017 were US$1.89

billion compared to US$1.70 billion in Q1

2016. During the review period, the top five

source countries for Zambia’s imports were:

South Africa, China, Congo DR, Kuwait and

United Arab Emirates (Figure 4).

Figure 4: Zambia’s Q1-2017 Top Source

Countries for Imports (USD millions)

Imports from South Africa rose by 11.9% to

US$590.3 million from US$527.8 million on

account of a rise in imports of nuclear reactors

and boilers; fertilizers; mineral fuels; vehicles

and electrical machinery equipment parts.

Imports from China increased to US$314.1

million from US$157.7 million on account of an increase in imports of aviation equipment;

electrical equipment parts; vehicles, and

rubber products. Imports from Congo (DR)

rose by 47.3% to US$276.1 from US$187.4

million on account of a rise in imports of ores;

and Zinc and articles thereof.

Imports from the United Arab Emirates

increased to US$113.2 million from US$32.5

million on account of an increase in the

imports of mineral fuels. However, imports

from Kuwait fell by 3.7% to US$120.8 million

from US$125.4 million attributed to a fall in

imports of mineral fuels from that country.

Zambia’s top five import commodities were:

mineral fuels (US$292.1 million); Nuclear

reactors and boilers (US$228.1 million);

copper ores (US$187.8 million); fertilizer

(US$163.0 million); and aviation equipment

(US$142.4 million).

Figure 5: Major Import Commodities (USD

millions)

0 200 400 600 800

AUSTRALIA

GERMANY

BELGIUM

IRELAND

SWITZERLAND

KOREA, REPUBLIC OF…

TANZANIA

NETHERLANDS

ZIMBABWE

SAUDI ARABIA

MOZAMBIQUE

NAMIBIA

UNITED STATES OF…

JAPAN

MAURITIUS

UNITED KINGDOM

INDIA


KUWAIT

OTHERS

CONGO DR

CHINA

SOUTH AFRICA

Q1 2017 Q1 2016

0 100 200 300 400

IRON AND STEEL

RUBBER AND ARTICLES…

Miscellaneous chemical…

Pharmaceutical products


ARTICLES OF IRON AND…

PLASTICS AND ARTICLES…

VEHICLES O/T…


Electrical mchy equip…


FERTILISERS

ORES, SLAG AND ASH


OTHERS


Q1 2017 Q1 2016

5

The source countries for Zambia’s top five

major imports are given in figures 6a to 6e.

Figure 6a: Source Countries for Mineral Fuels

(USD millions)

Figure 6b: Source countries for nuclear

reactors (USD millions)

Figure 6c: Source countries for Copper Ores

(USD millions)

Figure 6d: Source countries for fertilizer (USD

millions)

0 100 200 300 400

OTHERS

MAURITIUS

SOUTH AFRICA


KUWAIT

TOTAL

Q1 2017 Q1 2016

0 50 100 150 200 250


UNITED KINGDOM

INDIA

UNITED STATES OF…

OTHERS

CHINA

SOUTH AFRICA

TOTAL

Q1 2017 Q1 2016

0.0 50.0 100.0 150.0 200.0

CONGO DR

OTHERS

TOTAL

Q1 2017 Q1 2016

0 50 100 150 200

TANZANIA

SWITZERLAND


SAUDI ARABIA

MOZAMBIQUE

OTHERS

SOUTH AFRICA

TOTAL

Q1 2017 Q1 2016

6

Figure 6e: Source Countries for Aviation

Equipment Parts (USD millions)

4. Conclusion

During the period under review exports performance improved largely on account of

an increase in exports of copper and non-

traditional exports such as sugars and

confectionery; and tobacco and manufactured

tobacco products. Copper exports increased

mainly due to increase in copper prices. On a

similar account imports rebounded largely on

account of import of rcopper ores, nuclear

reactors and boilers, aviation equipment.

0 50 100 150

CHINA

OTHERS

TOTAL

Q1 2017 Q1 2016

7

APPENDIX ONE: MAJOR EXPORT DESTINATIONS FOR ZAMBIA’S EXPORTS

COUNTRY Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Australia 0.3 0.1 0.1 0.2 0.1

Belgium 0.2 1.3 3.9 1.0 1.3

Botswana 5.3 4.0 3.9 0.0 0.0

Burundi 1.6 2.4 4.0 3.8 4.5

China 306.2 335.6 226.6 341.6 334.2

CONGO DR 95.5 108.3 109.9 115.3 113.4

Egypt 0.0 0.0 0.1 0.0 0.0

France 0.0 0.1 0.2 0.0 0.1

Germany 24.1 1.0 2.6 4.5 2.1

Hong Kong 16.7 20.7 34.9 29.6 29.7

India 9.2 42.3 14.2 5.0 77.0

Kenya 10.4 9.7 8.5 10.3 8.1

Korea, Republic Of 1.4 0.9 1.3 1.2 0.9

Kuwait 0.0 0.0 0.0 0.0 0.0

Luxembourg 0.8 0.3 6.1 7.5 10.4

Madagascar 0.0 0.0 0.0 0.2 0.0

Malawi 18.4 31.2 42.8 30.2 20.4

Malaysia 0.0 0.0 0.0 0.0 0.0

Mozambique 5.9 1.6 2.3 10.7 5.5

Namibia 3.8 1.0 3.3 5.5 5.5

Netherlands 6.4 1.7 1.3 3.6 7.1

Pakistan 0.0 0.0 0.0 0.0 0.0

Philippines 0.0 0.0 0.0 0.0 0.0

Republic Of Thailand 0.2 0.0 0.0 0.0 0.0

Rwanda 4.9 5.9 8.5 7.4 7.1

Saudi Arabia 0.0 0.0 0.0 0.1 0.0

Singapore 77.2 109.7 81.8 101.0 162.9 South Africa (Republic Of) 93.5 82.8 122.4 84.6 76.9

South Sudan 0.1 0.0 0.0 0.0 0.0

Swaziland 1.8 2.0 0.9 2.2 1.0

Sweden 0.6 0.1 0.3 0.9 0.4

Switzerland 611.5 643.8 575.2 755.2 827.9

Tanzania, United 55.9 6.5 13.3 15.3 45.0

United Arab Emirates 52.7 97.8 120.6 91.9 75.5

United Kingdom 53.5 41.4 95.7 49.3 30.7 United States Of America 0.3 0.5 0.5 0.9 0.2

Zimbabwe 66.8 30.8 40.1 89.4 34.3

Other 20.7 9.4 24.0 20.4 20.1

Total 1545.8 1593.3 1549.4 1788.7 1902.3

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APPENDIX TWO: MAJOR SOURCE COUNTRIES FOR ZAMBIA’S IMPORTS

COUNTRY Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Australia 13.1 7.8 12.4 12.2 10.1

Belgium 9.4 7.4 13.9 32.3 10.4

Botswana 3.3 3.5 4.9 5.0 2.2

Brazil 1.9 3.6 0.8 1.8 3.3

Canada 2.4 3.5 3.7 7.4 6.3

China 157.7 134.5 150.0 158.2 314.1

Congo DR 187.4 204.1 247.2 349.1 276.1

Denmark 6.1 5.8 3.8 9.7 8.6

Egypt 3.1 4.7 2.0 2.3 3.3

Finland 8.5 18.9 32.1 14.0 9.8

France 6.6 4.3 10.8 20.7 7.1

Germany 16.2 13.1 12.5 18.6 10.2

Hong Kong 14.0 12.3 6.1 6.5 8.8

India 76.4 68.1 86.8 85.4 53.9

Indonesia 0.8 0.8 0.7 1.1 1.3

Israel 2.5 1.8 0.7 2.5 0.9

Italy 3.9 3.5 2.9 29.7 2.9

Japan 36.2 25.5 30.2 33.1 28.0

Kenya 20.9 11.4 9.1 10.4 7.1

KOREA, REPUBLIC OF (SOUTH) 9.3 7.3 8.7 9.3 12.0

Kuwait 125.4 151.8 157.2 117.2 120.8

Lebanon 1.4 1.1 0.6 2.2 0.3

Malawi 1.4 2.1 3.0 11.7 3.6

Malaysia 4.4 4.6 6.6 4.2 4.7

Mauritius 178.7 77.8 34.3 53.8 28.6

Mozambique 9.9 13.2 26.3 70.5 18.6

Namibia 19.3 25.0 28.7 21.6 20.3

Netherlands 13.9 10.0 11.6 12.5 14.6

Pakistan 0.7 3.0 0.6 1.1 5.7

Republic Of Thailand 2.3 2.8 1.9 3.9 1.8

Singapore 20.8 6.9 12.3 8.8 8.9

SOUTH AFRICA 527.8 577.6 574.2 728.7 590.3

Spain 2.6 1.5 0.8 2.2 1.5

Swaziland 2.5 1.3 2.4 5.0 2.4

Sweden 17.6 16.8 11.8 16.7 6.4

Switzerland 7.4 4.2 16.0 11.9 11.4

Taiwan, Province Of China 1.9 1.9 2.0 1.6 0.0

Tanzania, United 19.8 74.0 22.7 46.3 0.0

United Arab Emirates 32.5 46.1 72.9 105.9 113.2

United Kingdom 27.6 37.2 27.0 33.1 29.9

United States Of America 33.2 32.8 25.1 22.6 24.3

Zimbabwe 17.6 19.6 19.0 19.7 15.9

Other 48.9 61.5 73.2 82.6 88.9

Total 1697.4 1714.5 1769.6 2193.0 1888.5

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APPENDIX THREE: ZAMBIA’S TRADE WITH SADC (EXCLUSIVELY)

Q2.2016 Q3.2016 Q4.2016 Q1.2017

COUNTRY EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS

Angola 0.1 0.0 0.2 0.0 0.3 1.4 0.6 0.0

Botswana 4.0 3.5 3.9 4.9 7.0 5.0 0.0 2.2

Lesotho 0.5 0.0 0.8 0.0 0.4 0.0 1.3 0.0

Mozambique 1.6 13.2 2.3 26.3 10.7 70.5 5.5 18.6

Namibia 1.0 25.0 3.3 28.7 5.5 21.6 5.5 20.3

South Africa 82.8 577.6 122.4 574.2 84.6 728.7 76.9 590.3

Tanzania 6.5 74.0 13.3 22.7 15.3 46.3 45.0 0.0

TOTAL 96.5 693.2 146.2 656.9 123.8 873.6 134.9 631.4

APPENDIX FOUR: ZAMBIA’S TRADE WITH COMESA (EXCLUSIVELY)

Q2.2016 Q3.2016 Q4.2016 Q1.2017


Burundi 2.4 0.0 0.2 3.7 0.0 7.4 0.0 6.3

Comoros 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1

Djibouti 0.0 0.0 0.1 2.0 0.0 2.3 0.0 3.3

Egypt 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0

Eritrea 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.1

Ethiopia 0.3 0.0 0.1 32.1 0.0 14.0 0.0 9.8

Kenya 9.7 11.4 1.3 8.7 1.2 9.3 0.9 12.0

Libya 0.0 0.0 6.1 0.1 7.5 0.2 10.4 0.7

Rwanda 5.9 0.0 0.0 9.2 0.1 10.2 0.0 17.3

Sudan 0.0 0.0 0.0 0.8 0.0 2.2 0.0 1.5

Uganda 0.8 0.6 0.0 0.1 0.0 0.4 0.0 0.0

TOTAL 19.0 16.7 7.7 56.7 8.8 46.3 11.6 51.1

APPENDIX FIVE: ZAMBIA’S TRADE WITH SADC AND COMESA

Q2.2016 Q3.2016 Q4.2016 Q1.2017


Congo(DR) 96.8 204.1 109.9 247.2 115.3 349.1 113.4 276.1

Madagascar 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0

Malawi 31.2 2.1 42.8 3.0 30.2 11.7 20.4 3.6

Mauritius 0.1 77.8 5.9 34.3 0.7 53.8 0.4 28.6

Seychelles 0.0 0.1 0.0 0.2 0.0 0.2 0.0 0.0

Swaziland 2.0 1.3 0.9 2.4 2.2 5.0 1.0 2.4

Zimbabwe 30.8 19.6 40.1 19.0 89.4 19.7 34.3 15.9

TOTAL 160.9 305.0 199.6 306.1 237.8 439.5 169.5 326.6

Documents

Bank of ZambiaUNITED ARAB EMIRATES Q1 2017 Q1 2016 4 3. Major Source Countries for Zambia’s Imports Zambia’s imports in Q1 2017 were US$1.89 billion compared to US$1.70 billion